Inside one of the largest asset managers in Europe, there is increasing concern that the Republican efforts of bowel legislation that supports major industries such as clean energy may lead to the loss of the United States as a destination for the invested capital.
“For investors, the message is clear: the United States may no longer provide trusted investment runway just months ago,” said Alex Pepani, a wallet manager in London in London in London. Allianz Global investors, which oversees about $ 650 billion of assets.
The Republican decision in the House of Representatives to pass a tax bill would get rid of many incentives contained in the law to reduce inflation for 2022, threatening to raise investment strategies based on the transfer of clean energy. Bibani said that even if the Senate votes to prevent some of the proposals of the House of Representatives, European asset managers still have to face a new level of uncertainty and volatility that may eventually force them to fate to another place.
He said: “The economies of the project, the obligations in the supply chain, and capital flows may now go towards more stable judicial states such as Canada or the European Union, unless clarity is restored quickly.”
It is the newest of the partition of Europe, where emissions discountsIt is based in the lawAnd the United States, where the Trump administration launched aEntire throat attackOn zero policies. The draft law, which was agreed by Republicans in the House of Representatives, is “worse than fear” for investors committed to energy transmission strategies, according to the arrows of the stocks in Jeffrez.
Bebiani said that if the Senate approved it, the cancellation of the Irish Republican army “will lead to a sharp opposite in the US clean technology policy.” This would pump “the great organizational and political risks in the market, undermining political certainty and the ability to predict the financial prediction that made the United States the leading destination in the world of clean capital after the Irish Republican Army.”
The S& P 500 index decreased last week, while the return on US Treasury bonds increased for 30 years to 5.1 % of the markets Digestion news From the Republican Law, Central Estimates The trillion dollars will add to the deficit. After that, President Donald Trump ended the week by injecting more uncertainty in the market while he was escalating the war of tariffs with the European Union, so that. “Do not look for a deal“The dollar fell.
Enemy in the United States has already sent energy transmission policies through the European investment circles, as these strategies are a major driver for flows. Amundi SA, the largest asset manager in Europe, said last month that she was witnessing evidence that customers were “It was widely re -placed“To avoid the United States market, amid concerns about everything that there is no supervision to the deterioration of major climate policies. UBS group AG also said she was aware of the large flows of boxes circulating in stock exchange.
Tyler Christie, who previously invested in the climate and energy transition in Blackrock A company as part of itCarbon removal partnersThe adventure with Temasek Holdings PTE said that “the severe fluctuations in the US policy create the uncertainty that extends through the financial system.” At the same time, it can be said that “European policy is more compatible and predicted than ever” because it addresses “existential challenges on energy, security and resources.”
The result is that asset managers, in Europe and the United States, “have started directing more capital to European projects where they can see politics more consistent and enhanced through basic demand.”
“Hamshammer”, the Republicans in the House of Representatives to the Irish Republican Army “are just another example of new fluctuations and uncertainty in the United States’ policy.”
This story was originally shown on Fortune.com
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